Wednesday, June 07, 2023

Big Pharma has a creative definition for "negotiation"

Well, at least I have an answer for a question I asked a couple of days ago.

From AP -

Merck sues federal government, calling plan to negotiate Medicare drug prices extortion

Merck is suing the federal government over a plan to negotiate

 

Medicare drug prices, calling the program a sham equivalent to

 

extortion.


The drugmaker is seeking to halt the program, which was laid out in the 

Inflation Reduction Act and is expected to save taxpayers billions of

 

dollars in the coming years.

Unsurprisingly, most of their corporate PAC's (Merck PAC) go to Republicans (nationally; it was active in AZ until the end of 2018).

However, not *all* of their money goes to Rs; some of it goes to former Democrats.

From the FEC -












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